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Elrondusdt

$EGLD Elrond Daily SetupA potential setup and rally coming up for Elrond on a daily timeframe. I did this trade twice in the past, curious if it'll work out a third time. Entry zone is above the green line, preferably after a retest. With the major down TL broken it seems EGLD is establishing support after a firm correction of about 60%. Macd seems in favour of crossing up. However it is only a probability within current market environment, BTC might swing down and the setup invalidate.
Long
by OpOsjaan
Key Levels to watch of EGLD (Elrond Gold) We're in a buy area. These are the key levels of Elrond in a Weekly chart. $540 ATH $430 Highest Close Ever $268 Support and resistance $235 Support and resistance $188 Support and resistance. Fibonacci retracement is currently at 100% at this level, the price will most likely reverse from this area. $141 - 150 Supply and demand zone $65 - 88 Supply and demand zone Notes: * Price tends to bounce at these levels. If one level breaks, the price will go to the next level whether it's above or under it depending on the direction of the break. * Pay attention to BTC price as well cause everything is correlated in the short term. BTC analysis is coming up soon. * Continue Dollar Cost Averaging anywhere near the key levels
ELong
by BlueRidgeBusiness
EGLD TA - Possible bullish scenario 4hIf we break this falling wedge, we could see another leg up to higher pricetargets. I openend a Trade with a tight stopp loss . It's a risky one. - Good opportunity with a high risk reward ratio. - I expect holding this position for 2-7 days (depends on the volatility), if I am not getting stopped out 😄. You can see my pricetargets at the chart if this scenario plays out. We will see what happens :) Disclaimer: DYOR. No financial advice. Just for your impression.
Long
by CryptoPlough
Elrond (EGLD) Analysis 10/03/2021Elrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost. The blockchain has a native token known as eGold, or EGLD, that is used for paying network fees, staking and rewarding validators. Elrond was first announced in August 2019, and its mainnet went live in July 2020. Elrond describes itself as a blockchain platform for the new internet economy, decentralized applications and enterprise use. Its main selling point is its high scalability, stating that it is the first blockchain network in which state, network and transaction sharding have all been implemented. According to its economics paper, it seeks to build up its ecosystem and establish EGLD as a store-of-value asset. To achieve this goal, the network runs on 2,169 validator nodes split into four shards: three execution shards, capable of 5,400 transactions per second each, and one coordination shard, the "Metachain." Elrond's adaptive state sharding architecture completely shards state, transactions and network. It can scale by adding an additional shard when the throughput demand is unmet. It was tested to run 263,000 TPS in a public environment with 1,500 nodes from 29 countries grouped in 50 shards. In order to increase adoption, the project also supports developers building on the platform, allowing them to earn 30% of the smart contract fees as royalties. The company maintains a supply of EGLD tokens to stake on the network during its first year, with validator nodes receiving a 36% annual percentage rate. Technical Analysis: there are total of 3 targets defined by Fibonacci projection. the 3 TP gets its confirmation when the 2 TP gets triggered by an impulsive wave followed by price correction.
Long
by BitonGroup
10
Elrond is in WXYZYZ 2 flat in a row ?Hi everyone, on my last video on Youtube i warned everyone that 290$ was very dangerous cos it was a Flat B target point from the last top in April. I can see this probable scenario now on Elrond, the reasons are : 1- 2 Flat ABC in a row 2- 2 spinning top in a row at the 0.764 3- Impulse down impossible from my X point Now possible retracement target i see are inside the green rectangles. But Elrond can rise to the 0.85 from here. Best to you..
by Crypto_Mercy
1
[UPDATE EGLD] Consolidation confirmed until Aug until then PUMP.If Bitcoin follows my scenarios, EGLD could start the pump again in AUG 2021. Great opportunity to accumulate: Technical analysis: - Crashed 80% from the all-time high - Re-tested the 1,61 Fib (great support) - Tested the macro ascending channel (great support) - Super trend indicator in line with the previous cycles (great support) - Bullbear trend and stochastic RSI on the weekly are at the minimum levels. Fundamental analysis: - Drop of the Maiar exchange and Mex are imminent and will go online in July. - Community is growing daily - Team super professioal - Great tokenomics EGLD is behaving like a mini BTC. I guess we could have decreasing returns for the next pump.
BINANCE:EGLDUSDLong
by Homocryptus
6
EGLDUSDT🌟this alt is in a great shape due to price action and its forming a complete clean correction to the trend line which it broke earlier that's why we put the entry point lower than the current price 🌟a reasonable portion of basket should go for these assets while they are showing us strong signals of rising 🌟in lower time frames you can also see an ascending channel where the chart currently is heading for its middle line as correction then goes for more values 👉This idea has the confirmation of "advanced price action" 👍 👉Follow us and invite your friends too, this way we can share ideas and signal to anyone we care 👍 👉Hit share and spread the information in public chats or your twitter for everybody to get profit 👍 👉Tell us what's important for you in the market or what asset makes a difference in your investment basket 👍
Long
by the-crypto-analyzer